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Search Results 0 to 34 of about 35 (some duplicates have been removed)
, of course, in the middle east. but up first, the biggie, taxes. here's christine romans. >> reporter: the challenge, tax reform. for the first time in 20 years, taxes are going up for the rich. they'll pay a higher top marginal income tax rate, higher taxes on dividends and capital gains and a higher estate tax rate, but it could have been worse. >> i think that the wealthy got off pretty easily here. there's a modest tax increase for the very wealthiest in the society, very tiny percentage. i frankly think that there are more taxes coming and they will bite deeper into the middle-class. >> reporter: in fact, two-thirds of americans will pay higher taxes in 2013. the tax fight for the middle-class comes from the end of the payroll tax cut, a temporary tax break that wasn't renewed in the fiscal cliff deal. >> the irs tax code is still a nightmare. it's too complex. too costly, and too unfair. >> reporter: both sides say they're open to simplifying the tax code. more than 70,000 pages in 2012. the u.s. government gives away more than a trillion dollars a year in tax breaks, but republ
is behind us when it comes to taxs. >> take a look at what is in the package in terms of spending. additional savings from medicare and medicaid in it. savings from agricultural sub is sidis. the president already signed a trillion dollars of deficit reduction into law and committed to more spending cuts but we can't just cut our way to prosperity. we have toasting to invest in things like -- we have to continue to invest in things like education and energy. he put reducing the deficit in a balanced way to promote jobs for middle class families and that is going to be his guiding principle through the negotiations. >> i want to ask you quickly about the republican idea. would you support it but with the caveat they are telling the senate you haven't passed a budget in more than three years and you need to do that so we have a baseline for negotiations. >> well, let's revisit what the debt limit actually is. this is about congress paying the bills for what it has already racked up. the white house has made clear that the president will take a look at the proposal. they said it is e
on your debt. well we have 2 1/2 trillion dollars coming into the treasury every year in tax revenue. we can use that tax revenue to pay the interest on our debt. therefore, we will not default. all this talk about being a deadbeat nation, that belies the fact that we have never, and will never default on our obligations. the obligation being to pay the interest on the debt. we're not a deadbeat nation and we're not going to default, period. yes. period. martha: comes down to the big question whether or not you will cut spending in order to not default on your debt. and that brings us to a larger question or one of the larger questions, which is whether or not we will be downgraded if we don't become more responsible with our spending? >> interesting you should raise that issue, martha, because 45 minutes ago, fitch, the ratings agency said, if we have another delay in raising this debt ceilingsing, if we have this political standoff again just like we had in 2011, fitch says we may be downgraded. his name is david reilly. he is managing director at fitch and he said if it is just like 2
is higher and i said no, it isn't. you are making that up. we are not including state taxes. neither am i am including the surtax on medicare. >> 3.8%. >> neil: and they said made that up. it's in your law, reading it to you. they swore, it's not there. you now have this dilemma in new york, you have a dilemma with the healthcare law. it's sort of like the gift that keeps giving. >> 20-page bills in plain honest english that lawmakers at the state and federal level will actually read before they vote on this them. 20 pages, framers of our constitution framed our government in 18 pages. there should be symposiums to help the reporters to do a more responsible job of covering healthcare. frankly they were somewhat come police it in the public getting bamboozled. >> neil: here is what is scary. here is what should be pushing and you should be saying. you missing the good in this. maybe other things that i am not aware of, but my point is that is a little weird? >> yes, bu where is the reporters when it comes to looking at the facts. remember the president saying skyrocketing health spending. th
more. you do not want to miss lou dobbs coming up with his take of the situation as well. lori: one tax stock or company helping you file your tax returns is hitting a 52-week high. is there more upside the head? melissa: and retirement age racing. they plan to increase the retirement age to 70. a look at metals as we head out to break. gold trading higher by half a percentage point. copper leading the way from a percentage point of view. we will be right back. melissa: as with every 15 minutes, let's check the market. nicole is watching. nicole: i am, indeed. this is a name that has headlines and number one performer in the s&p 500 today. stellar performance, up 9.5%. there is quite a bit going on with cbs. they're turning their north and south american outdoor advertising divisions, putting some billboard divisions up for sale. one analyst says a split could unload asset values between 5,000,000,006,000,000,000. here is a one-year chart that shows you how well they set up for the one-year period the tenure charge shows how we went through the crisis. recouped all those losses and stil
for his hypocrisy. >> mr. obama demand the wealthy pay their fair share of taxes and just another elitist hypocrite for their fair share of security. a and-- >> you can go to the hannity control room right there and see our producer working hard kind the scenes to bring you the hannity live experience where you get the background information on the stories covered right here on the show. and in the break, you can go to hannity llive.foxnews.com and share your opinions on president obama's gun proposals, i'll see you there and coming up michelle malkin, senator rand paul and much more as we continue. at pricep you...out of the red. this week get a bonus $15 itunes gift card with any qualifying $75 ink purchase. find thousands of big deals now... at officemax. how did i know? well, i didn't really. see, i figured low testosterone would decrease my sex drive... but when i started losing energy and became moody... that's when i had an honest conversation with my doctor. we discussed all the symptoms... then he gave me some blood tests. showed it was low t. that's it. it was a number -- not ju
jersey and connecticut, these three states pay almost 16% of the taxes collected in the united states of america. >> some house conservatives favored amendment offered by south carolina mick mulvaney to pay for $17 billion in disaster relief cutting discretionary spending across the board by 1.63%. >> it's important to me that the money goes to the folks who need it very badly. it's so important to me,be that i think we should pay for it. >> the amendment failed. key new york democrat says paying for disaster relief cutting elsewhere would be a first. sandy victims should get their aid. >> i wantbe to repeat this point again. united states of america we respond to disasters. all americans respond to disasters. we don't ask for off-sets. >> with the nation's debt at $16 trillion and counting, conservatives say it isn't about bashing the northeast. it is about saving the country. >> we have to get this under control. most conservatives believe we have to come to a point where we stand and fight. i hope this is the time. >> after president obama said it would be irresponsible and absurd
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their fair share of taxes, but he's just another elitist hypocrite when it comes to a fair share of security. protection for their kids and gun-free zones for ours. >> that's a real ad. that, my friends, is political pornography. >> that's one of the grossest things i've ever seen in my life. >> i don't know what to say. joe? >> what's wrong with these people, mika? what's wrong with these people? you have children that had no say in the decision on whether their father was going to step forward to be president of the united states, to run for president, one of the most bone-crushing sacrificing things any husband or wife can do to their family. and the second they make that decision, their children and their entire family have targets on their backs. and the nra is putting something out like -- what's wrong with these people, putting out apps that 4-year-olds can play on the anniversary of the newtown murders, and now putting out an ad talking about the president's daughters? >> they are out of step, out of the mainstream, totally out of sync with what's going on in our society. and quite f
have allocated nearly $3 million in tax funds for their legal costs to challenge the administration in court. the republican state leadership committee has released a shockingly honest report boasting about how it retained the party's majority in the u.s. house of representatives by gerrymandering congressional districts in traditionally democratic states. the report concedes democratic candidates for the u.s. house received 1.1 million more votes than republicans in the last election cycle. but republicans still won a 33- seat grigoriy and house. how? the report says -- it goes on to detail how republicans but millions of dollars in those states feeling state level victories that allowed republicans to spearhead redistricting for the 2012 election to their party's advantage. the group says it raised $30 million for the initiative. and the united nations is criticizing the u.s.-backed regime in saudi arabia for the beheading of a free lankan guest worker. -- be heading of a sri lanka guest worker. she was decapitated over allegations of murdering the baby of her employer. the spokes
payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ jenna: right now, here is a look at a few crime stories we are watching for you today. a former ivy league professor who pleaded guilty to fatally beating his wife as she wrapped christmas gifts it getting paroled from prison. he served five years for voluntary manslaughter in philadelphia. again, getting out on parole. the f.b.i. is offering a hundred thousand dollars, a reward for the so-called ak-47 bank robber. they say the suspect has robbed banks on the west coast and is wanted for shooting and injuring a california police officer. a u.s. soldier accused of killing 16 people in afghanistan will be arraigned today for murder. his name, robert bales. he's charged with gunning down mostly women and children in two villages last march. jon: the high stakes fight over gun control now, with new fallout today after the president unveiled his plans nearly two dozen executive actions, touching on a broad range of issues, including
the other one but the white house as well. consider what happened in the recent fiscal cliff end game. taxes were set to go up by law on january 1. some house republicans said they didn't block it for everyone and they could prevail. speaker boehner brought forth blocking increase for everyone but millionaires, they balked. what passed later is something conservatives like less. they opposed that, too and they lost. some republicans are saying they have more leverage now to force spending cuts. maybe they do. but they will need to be smart about how they use it. with the senate, the white house and most of the press againstbe them, they should not expect a fair fight. >> bret: paul ryan said they need to be careful and remember what you are saying here. you had other members like congresswoman kathy mcmorris rogers in leadership saying you do need to shut down the government and make a stand. >> if the lessons of the 1990s when the republicans took control of the house tell you anything you shouldn't talk about how you are okay with shutting down the government. i said this before. people te
'm a prisoner within my own home. and that's unacceptable. because these are citizens that have paid taxes all their life and yet going around making excuses, i have all types of guns. you know, i'm not doing anything about it. and that's the issue here. >> yeah, and i would like, i want to point out that stop and frisk is a politically triggered wording. but the fact is, police departments, san francisco and oakland, they do it. and they do stop ask searches. >> they have the chp, the mayor brought the california highway patrol in and they're patrolling east and west oakland and pulling cars over for minor infractions and basically frisking them. >> that's the thing, a minor infraction first. with stop and frisk, the policy would be that you have the ability to stop and frisk a suspect just because you believe that they might be up to something. >> and some of that is going on. we just, we call it targeted enforcement. that's what they talked about. >> and the highway patrol has no problem doing that. >> but you're pulled over for something initially.
because they were afraid of higher tax rates in 2013. but for the first three months of 2013, we have a rapidly shrinking fiscal 2013, we have a rapidly shrinking deficit. so we are in a way chasing a vanishing problem. >> which is interesting, and that would allow for some things that are dirty and things that are not so dirty, would completely perhaps get rid of this problem after a while. do you think we're headed for a full stalemate? >> it's such a shame. i think david is right because we have low debt service right now. we're paying less interest on our debt than we had in the reagan and bush administrations before because interest rates are so low. >> but they're going to go up one day. >> but not for several years. i'll say it, we should be borrowing more at 30-year, 3% terms, so we can invest in the long-term growth of this economy. this is not the time for further austerity and cuts. if we were even to consider that right now, it would be a disaster. and what we're doing right now as the president correctly said today, is actually making our economy seem more risky and hurti
share of taxes, but he's just another elitist hypocrite when it comes to a fair share of security. protection for their kids and gun-free zones for ours. >> suarez: today, a white house spokesman called the ad with its use of the obama children repugnant and cowardly. >> brown: coming up, we'll have reaction to the president's approach. also ahead: general stanley mcchrystal; the obama campaign's online push and a cyclist's confession. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: president obama is losing another member from his first-term cabinet. interior secretary ken salazar announced today he will step down in march, after four years on the job. salazar pushed for greater conservation and renewable energy. and, he oversaw a moratorium on offshore drilling after the b.p. oil spill in 2010. industry groups said the shutdown cost thousands of jobs, but salazar defended it today in his departure statement. attackers in algeria stormed a b.p. natural gas complex today and took dozens of foreigners hostage, including seven americans. at least two p
in response to what they call republican blackmail. art laffer, architect of the reagan tax cuts in the 1980s. good morning to you. >> good morning, bill. i'm fine. bill: blackmail, what do you say? >> blackmail! i think part of the normal checks and balances in government. when the democrats have president and controlled of the senate they don't like republicans to control their spending when. republicans are in control, democrats don't like it. it is a tool used by congress to make sure that we have fair and balanced policy going forward. the one i love, bill, if you look at "the wall street journal" today they have barack obama's speech before the senate when bush was president. and how he was going to vote against raising the debt ceiling and he made this beautiful speech, all of which is perfectly correct. it just now he is on the opposite side of the equation. it is a silly argument. bill: he went on to explain as he has see things differently as senator than president in the white house. >> of course you do. >> some conservatives argue this. i want to get your feeling on this. focus on
in many years and that was thanks to new tax revenue from proposition 30 as well as spending cuts. >>> oakland police investigating a shooting that seriously injured one man. it happened about 8:00 last night on crest avenue. neighbors say they heard about 30 rounds from what sounded likes an automatic assault rifle. the victim ran. he was taken to the hospital in critical but stable condition. so far no arrests have been made. >>> well, oakland's police chief and the mayor, they are working now to stop the surge in violence. 11 people were wounded in shootings over the weekend, six people have been killed so far this year. the police are blaming a lot of the violence on a feud between rival gangs. it started when a young woman was killed last summer. since then, howard jordan says gangs have been responsible for about 90% of the violent crime. >> we know that's probably 1%, 2% of the population causing this violence. we're focused on them. chief jordan says the police department is already getting help from the chp. he plans to have more police academies and also add 70 officers.
can you trust them on taxes and spending. i see it as building up his political position which is not wrong but i don't think in his heart of hearts he thinks he's going to pass any significant legislation. >> congressman king in the studio after my asking all the time. >> i couldn't stay away from you, soledad. >> she's not really a tough interviewer is she? >> she's very nice and multiracial -- >> are we rolling on this? i love this. keep the nice part. i would appreciate that. >> she was the irish-american woman of the year, there you go. >> and i accepted. nice to have you congressman, appreciate it. >>> other stories making news john has that for us. >> lots of questions about the story involving notre dame's manti te'o and his girlfriend who was supposed to have died but it turns out she never existed at all. so was te'o the victim of an elaborate hoax or somehow involved in a hoax. one thing is crystal clear right now, the university of notre dame is standing by its star player. cnn's ted rowlands in live in south bend, indiana. good morning, ted. >> reporter: good morni
earned tax money going for unfortunately theater security. >> reporter: they are still going to useful body scanners that create generic images but they point out that travelers can opt out of the body scan with a pat down if they prefer. >> heather: you are really disappointed. >> gregg: it's my only attempt at exhibitionism, little joys in life. all right. >> heather: pricy body scanners that gregg loves is request matter of questionable government spending as president obama prepares for his second term has a lot of work ahead of him to cut wasteful spending and bring the debt under control. a new fox poll finds more than eight out of ten americans believe government spending is out of control. so what can we expect to see in the next four years. let's written bri in jamie whining o weinstein. so eight out of ten americans say we spend too much but up from 2010, 62% from 2009, regardless people think we spend too much. if you break that apart further, almost all republicans and independents and two-thirds of democrats they all agree, government spending is out of control. we are at
Search Results 0 to 34 of about 35 (some duplicates have been removed)